Gurit (SIX Swiss Exchange: GURN) today reports preliminary and unaudited net sales of CHF 459.9m for the full year 2023. Net sales of continued operations increased 2.7% at constant exchange rates and declined -5.9% in reported CHF versus prior year.
Excluding acquisition effects, total Group Sales grew by 2.6% at constant exchange rates and declined 6.8% in reported CHF. The large negative FX impact happens as almost no products or services are invoiced in Swiss Francs. The top line in the 4th quarter was also negatively influenced by raw materials price decreases, passed one to one to customers, for example
Excluding acquisition effects, total Group Sales grew by 2.6% at constant exchange rates and declined 6.8% in reported CHF. The large negative FX impact happens as almost no products or services are invoiced in Swiss Francs. The top line in the 4th quarter was also negatively influenced by raw materials price decreases, passed one to one to customers, for example
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